Suburb Profile Report for Wyndham Vale VIC (3024)

Wyndham Vale House: Median price $475,000, Annual capital growth 7.40%, Number of sales 434, Weekly median advertised rent $350

Wyndham Vale Unit: Median price $330,000, Annual capital growth 5.38%, Number of sales 25, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Wyndham Vale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.75% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Wyndham Vale comes in at number 188th in VIC.

The most recent median price for Wyndham Vale is $475000, with sellers offering an average of -3.91% off the asking price.

Advertised rents are around the $350 mark per week – giving a return of 3.83% based on the median price in Suburb

Property investors who have had real estate in Wyndham Vale, 3024 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 46.34%

Wyndham Vale,3024 has offered an average of 46.34% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Wyndham Vale should be aiming for at least -2.30% off the asking price, which is the average vendor discount being achieved at the moment.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 5.38%.

Information supplied by:


May 2018

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The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018Full summary

Housing stock tightens

Postcode: 3024

Median house price: $445,000

Stock on market: -52.0%

12-month growth: 17.1%

The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018.

This could have helped spur demand, as the suburb recorded a 17% price increase over the same period. Nonetheless, houses are still reasonably priced at a median value of under $450,000, a possible factor in how quickly these properties are selling on the market. The average time on market is just 39 days, reflecting Wyndham Vale’s popularity.   

The suburb is home to several sports clubs, who make their bases at Wyndham Vale Reserve and President’s Park. Wyndham Vale is also an education hub, with four primary schools in the area. Residents have access to amenities like medical services.

Close
Metrics i HOUSE UNIT
$475,000 $330,000
2.81% 3.13%
18.75% 46.34%
7.40% 5.38%
$350 $320
434 25
3.83% 5.04%
38.33 27.46

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 17304
Median household income ($/weekly) 1356
Median age of persons 30
Median housing loan repayment ($/monthly) 1700
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 1814 10.5
    5-14 years 2810 16.2
    25-34 years 3553 20.5
    35-44 years 2790 16.1
    45-54 years 1879 10.9
    Others 4459 25.8
    Age Group
    Census Count Percent(%)
    Registered Married 5787 49.3
    Not Married 4444 37.9
    Defacto Relationship 1507 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 11976 73.5
    Indonesia 547 3.4
    Papua New Guinea 546 3.4
    United Kingdom 799 4.9
    Other 884 5.4
    Others 1542 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 231 1.5
    Christianity 9992 64.5
    Hinduism 460 3.0
    Islam 395 2.6
    No Religion 4188 27.1
    Others 214 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 502 9.7
    $1,000-$1,249 593 11.4
    $1,250-$1,499 577 11.1
    $1,500-$1,999 934 18.0
    $2,000-$2,499 688 13.3
    Others 1886 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5595 46.6
    Not in the labour force 3362 28.0
    Employed, worked part-time 2008 16.7
    Unemployed, looking for work 553 4.6
    Employed, away from work 489 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1164 14.4
    Technicians & trades workers 1269 15.7
    Community & personal service workers 851 10.5
    Clerical & administrative workers 1405 17.4
    Machinery operators & drivers 918 11.3
    Others 2486 30.7
    Occupation
    Census Count Percent(%)
    Pre-school 335 7.9
    Infants/Primary 1731 40.7
    Secondary 1150 27.0
    Technical or Further Educational Institution 366 8.6
    University or other Tertiary Institutions 421 9.9
    Others 255 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16070 98.1
    Flat, unit or apartment 214 1.3
    Semi-detached, row or terrace house, townhouse 80 0.5
    Improvised home, tent, sleepers out 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3304 59.0
    Rented 1383 24.7
    Fully owned 893 15.9
    Other tenure type 23 0.4
    Tenure Type
Census 2011, ABS
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